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Covestro AG (1COV.DE)

XETRA - XETRA Delayed Price. Currency in EUR
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48.35-0.27 (-0.56%)
As of 03:10PM CET. Market open.
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Previous close48.62
Bid48.34 x 12100
Ask48.37 x 6800
Day's range47.89 - 48.45
52-week range35.11 - 54.08
Avg. volume801,928
Market cap9.126B
Beta (5Y monthly)1.37
PE ratio (TTM)N/A
EPS (TTM)-4.76
Earnings date27 Oct 2023
Forward dividend & yieldN/A (N/A)
Ex-dividend date22 Apr 2022
1y target est52.90
  • Reuters

    Covestro board enters formal talks on $12 billion ADNOC approach

    (Reuters) -Covestro on Friday has entered into open-ended discussions with suitor Abu Dhabi National Oil Company (ADNOC) over a takeover approach, the German company said in a statement. Covestro's change in stance comes after two top-15 investors told Reuters last month that the plastics and chemicals maker should engage in formal takeover talks in the interest of its shareholders. Earlier on Friday, Reuters reported citing a source that Covestro's board would meet to discuss formal negotiations with ADNOC.

  • Reuters

    Covestro expects muted demand this year as de-stocking continues

    (Reuters) -German chemicals maker Covestro sees no improvement in demand this year and now forecasts annual core profit to be at the lower end of its range as customers continue to de-stock in an environment of high inflation. "The topic of de-stocking has occupied us for a long time, and we do not see a trend reversal in the coming months," Chief Financial Officer Thomas Toepfer told Reuters. Asked about a reported buyout offer from Abu Dhabi's oil giant ADNOC, the finance chief said the company would not comment on any market speculation.

  • Reuters

    Analysis-German industry changes tack as river Rhine runs drier

    German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. But following extended periods of low water in 2018 and 2022, Rhine levels are again too low in parts of the river for cargo vessels to sail fully loaded when they can hold the equivalent of up to 150 trucks. At Kaub, the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week.